Nexo (NEXO) continues to struggle to break the $1 resistance while Compound (COMP) experienced a significant decline in trading volume in a short period. These developments and more are the focus of this article. Zig Network (ZIG) also captures our attention, recently attracting interest from Nexo (NEXO) and Compound (COMP)
After a 10-month suspension, CEX.IO, a prominent centralized crypto exchange, has officially resumed its operations in the UK as of Thursday morning. This development follows the exchange’s alignment with the Financial Conduct Authority (FCA) regulations and its collaboration with Nexo. The temporary halt in October 2023 was in response to
In celebration of its sixth anniversary, Nexo, one of the biggest cryptocurrency ecosystems, has launched a promotional campaign. Both new and current Nexo users may benefit from the token hunt, by delving into the many Nexo ecosystem components. As a whole, the team allocated ten million NEXO tokens—about $12 million—to the event’s
The Virtual Assets Regulatory Authority (VARA) in Dubai has granted initial approval to Nexo, a digital asset service provider. Nexo DTC, Nexo’s regional organization, has reached a major milestone in its pursuit of complete licensure for a number of activities, including Broker-Dealer operations, Lending & Borrowing, and Management & Investment.
The premier institution for digital assets, Nexo, announced that it has joined the International Association for Trusted Blockchain Applications (INATBA). With the help of INATBA’s well-established connections with important public sectors in finance and regulation, Nexo’s commitment to reshaping the blockchain landscape has advanced significantly with this strategic cooperation. Through this
The premier digital assets institution, Nexo, has announced its strategic merger with Koinly, an innovative crypto tax software solution, as a critical step toward meeting the growing need for reliable crypto tax reporting solutions. The partnership was created in direct response to the industry’s demand for more efficient, smooth financial statement production
Nexo has introduced simplified Futures trading on the Nexo Exchange, tailored specifically for crypto enthusiasts who are new to derivatives. The goal of the new product is to make the world of Futures accessible and informative for people who have until now only interacted with the spot market. In order to ensure
In a significant step, Nexo, the world’s leading institution for digital assets, has joined an innovative group of companies by joining the Association of Certified Sanctions Specialists (ACSS), proving a steadfast dedication to international regulatory compliance. Nexo wants to boost the team’s competencies by using ACSS’s vast databases, rigorous training
The successful conclusion of its independent Type 2 SOC 2 audit today represented a key milestone for Nexo, the leading institution for digital assets worldwide. With this move, Nexo demonstrates its dedication to providing clients with industry-leading client data protection and guarantees a superior user experience for the company’s continuously expanding
Recently released records indicate that London-based crypto lending firm Nexo has completed the necessary procedures to have its subsidiaries, Nexo Financial Services Ltd. and Nexo Clearing and Custody Ltd., removed from the United Kingdom’s companies register. Nexo co-founder Antoni Trenchev was quoted in a recent Bloomberg article as saying the
